State & Local Tax

State & Local Tax

Our state and local tax (SALT) team will assist you in leveraging resources within this complex area of taxation for permanent, recurring savings while ensuring you effectively manage your audit risk.

Andersen provides services in all areas of state and local taxation including: 

• Income, Franchise & Gross Receipts Tax: Andersen takes a strategic approach to helping clients manage the complexities of state income, franchise, and gross receipts tax. Our state and local tax (SALT) professionals work with business owners, finance professionals, or tax department professionals to educate, advise, and assist them in understanding and planning for the effects of operations on state income and gross receipts taxes.
• State Credits & Incentives: Our experienced state and local tax professionals have worked with state and local governments across the country to identify, negotiate, and claim funds available to a variety of companies in different industries and at different stages of growth, from startups to the Fortune 100. Andersen can work with you to identify those credits and incentives that are advantageous for your business.
• Sales & Use: For businesses, overpayments of sales and use taxes are above-the-line costs, unduly burdening EBITDA and impacting earnings per share. Efficiently managing these costs aligns with effective financial management of the business, and can save significant time and money. Our experienced state and local tax professionals work with every aspect of sales and use tax and can help you make sense of the obligations and opportunities.
• Unclaimed Property: Every U.S. state, the District of Columbia, and U.S territories have unclaimed property laws and regulations that require businesses to report and remit unclaimed or abandoned property for which ownership rights have not been demonstrated over a certain period of time (referred to as the “dormancy period”). The rules apply to both tangible and intangible property.

  
  

We can help your business or fund with:

• Negotiated incentives related to expanding or relocating businesses.
• Statutory credit reviews and refunds.
• Transferable tax credits.
• Planning and consulting on airplanes, artwork, and automobile transactions.
• Guidance on new state tax policy and legislation, and on the tax return impact of those changes.
• Multistate filing and planning related to overpaid income and gross receipts taxes.
• Nexus studies.
• Tax Amnesty/Voluntary Disclosures.
• State and local compliance related to mergers, acquisitions, transactions, and restructuring.